Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-06-24
ON WALL STREET.
The Business Done in Stocks Wss
Large, But the Increase Was at
the Expense OF Quotations.
The General List without Exception il
Lower-Railroad Bonds Were Weak
in Sympathy With Shares.
COMMERCIAL RESUME


( Special to the Gazette.
NEW YORK, June 23.-Rsi.way bonds
to-day sold as follows: Fort Worth
and Denver Cityat 923; Texas and Pacific
consols, at lO2; Rios 1T &c; Kansas and
Texas 6's at 95,; IS at So; Houston and
Texas Central igt 100.
Money 8al2 PEI cent.
Governments lower.
Silver esd
Sterling lower.
Cotton steady,
Oil closed at 50.
Wheat strong.
Coffee unchanged.
GOVERNMENTS, STOCKS AND BONDS.
NEW YORK, June 23.-The transse-
lions at the Stock Exchange to-day were
the largest for many wee6s, but this in
crease IN business was entirely IL the ex-
pense Of quotations. The uneasy feeling
over western failures was aggravated in
the morning by the rumors to the effect
that the American Exchange Bank of
Chicago was in trouble, and although the
story met with prompt denial, some sell
Ing was INDUCED in, and in the absence
of any support whatever, London doing
nothing and orders out Of town being de
laysd DIV the interruption of JeiegraphIc
communication, the beGrish room traders
made the most Of their advantage, and
attacked the list at every vulnerable
point. Numerous stop orders were un-
covered, especially in Jersey Central snd
Richmond and West Point. Other TumOrS
of damagiLg character were set afiost,
one stating that the vice-president and
manager of the Fidelity Bank had been a
heavy Spectator in the stock market and
that his holdings were being realized
upon. Money was manipulated up TO 10
cents, and in the general confusion the
announcement Of favorable feature met
with no recognition. The mar
ket was kept in q feveIish and
at times even penickv state
throughout and the recovery st different
times lacked force and amounted to
little. The opening was steady and
quiet, and the market presented the same
general features usual Of late. Alter the
end OF the first hour the downward
movement assumed large proportions,
and New England, Jersey Central, Rich
mond aud West Point and several others
became conspicuous Tor declines, while
the amount OF business done underwent
heavy increase, a general rSactlOn was
had after noon, but the gains we're confined
to fractions st. Paul led of the decline
which followed, and prices were further
| depressed before p IN when the lowest
| figures Of the day were generally reach
ed The activity was largely reduced on
! the succeeding rally, cut the decline vas
renewed in the last hour, and although
| the close was on + Covery from the de-
cline, the market vas weak with many
stocks at their lowest prices. The active
list, without exception, is lower this
evening, the mos. losses being
| New England 3D. Richmond and
West Point q, Omaha s. CaHsda
Southern, Wheeling, Lake Enc, Jersey
Central and Uuion Pacific II, Missouri
Pacific Il, ST. Paul, Reading and North
ern Pacific preferred II. Northwestern
and Western Union II, Oregon, Trans
continental, Lake Shore, Kansas and
Texas and Lackawanna l point
Railroad bonds did not share the ex-
Icitement in the share market, although
| they were weak in sympathy. Specula-
tive issues became again active. Prices
remained heavy throughout and the clos
| ing figures generally show small declines.
Government bonds were dull and
! steady.